Paragraphs 70-73 of AASB 133 Prescribe Various Disclosures Relating to Earnings

question 2

Multiple Choice

Paragraphs 70-73 of AASB 133 prescribe various disclosures relating to earnings per share. The disclosures include:
I. The amounts used as the numerators (earnings) in the ratios.
II. The number of ordinary shares outstanding at the end of the financial year.
III. The weighted average number of ordinary shares used as the denominator in the ratios.
IV. A reconciliation of the earnings amounts to the profit or loss attributable to the parent entity. for the period including the individual effect of each class of instruments that affects earnings per share.

• A) I, II and III.
• B) I, III and IV.
• C) II, III and IV.
• D) I, II and IV.

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Definitions:

Aesthetic

Pertains to the philosophical branch that deals with the nature of beauty, art, and taste, and the creation and appreciation of beauty.

Appreciation

The recognition and enjoyment of the good qualities of someone or something.

Art

A diverse range of human activities involving the creation of visual, auditory, or performed artifacts, which express the creator's imagination, conceptual ideas, or technical skill.

Cathartic Nature

Refers to the cleansing or purifying effect of experiencing certain emotions or expressions, often associated with art, drama, and literature.